Operation Financial Freedom: Strengthening Financial Foundations for Disabled Veterans-Slide handout

Slide handout

Pdf Summary

The document details a presentation given by Stacy Miller, Founder and CEO of BayView Financial Planning, focusing on financial planning for veterans. The presentation, delivered at a NAPFA 2024 event, outlines key learning objectives: understanding available veteran benefits, assessing the impact of disability ratings on these benefits, and preparing financial advisors to serve veterans with integrity and empathy.<br /><br />Veterans face unique financial challenges, including benefits and resources that may not be immediately obvious. The presentation emphasizes the importance of providing fiduciary, fee-only advice to protect veterans from financial exploitation. Discharge status significantly impacts eligibility for various benefits, which range from disability compensation and educational aid to home loan guarantees and state-specific benefits. Disability ratings, assigned by the VA, also affect the scope of benefits available to veterans.<br /><br />The presentation covers various benefits in detail and the appeals process for benefits eligibility, highlighting the complexities and time-consuming nature of these appeals. The document stresses the importance of understanding both the discharge status and the disability rating when advising veterans. Advisors are encouraged to build trust by volunteering with veteran organizations, maintaining transparency, and offering pro-bono services, particularly to wounded warriors.<br /><br />Stacy Miller also highlights resources available for advisors, such as the Military Financial Advisors Association and state veteran guides, to better assist clients. NAPFA's partnership with Building Homes for Heroes is noted for providing pro-bono financial planning to disabled veterans receiving homes, supporting them in managing their new financial responsibilities. The document concludes with a call to action for advisors to serve veterans with dedication and honor. It also includes contact information for Stacy Miller and BayView Financial Planning.

Keywords

financial planning

veterans benefits

disability ratings

fiduciary advice

discharge status

NAPFA 2024

Stacy Miller

pro-bono services

Building Homes for Heroes

Military Financial Advisors Association